China is now Kenya's father Christmas

so Kenya was so happy and willing to sell it sovereignty to them FOR JUST 3 BILLION DOLLARS

you dont have good negotiation skills and you want to go for bilateral loans from China

they will continue to rape you.

I know you went to famous West Africa double track school system - and was half-taught.

Let me help interpret your data.

Compare kenya and Ghana. The Topic is PRUDENT PUBLIC DEBT MANAGEMENT.

Look at that data again.

We are talking external debt.

1) Multilateral (IMF, WB, ADB) - Kenya borrows and pays heavily there - the reason - these are very competitive mostly zero-interest loans with a long maturity. All you need to qualify to borrow is to prove you're PRUDENT. Ghana cannot qualify for most of it - coz they are known to default.

2) Bilateral. This is China, France, and such countries. Kenya borrows heavily from china - zero interest long maturity. Ghana also borrows heavily - but they mortgage their natural resources (for example bauxite & aluminum & oil). In Kenya - Chinese only requires us to pay a 2% premium for insurances to SINOSURE - in case we default.

3) External Commercial debt. This is Eurobonds, Syndicated loans from big external commercial banks. This is the MOST DANGEROUS loan to borrow. The interest rates can quickly rise. And you pay in dollars. GHANA like an idiot it is - has basically overdone itself.

Kenya is very careful with external commercial debt - in fact we are borrowing at cheaper rate to RETIRE most of it.

Now this afternoon class that you missed.

The DOMESTIC DEBT Market.
Kenya borrows very heavily from there. I think in Sub-Sahara Africa - only South Africa (and maybe Nigeria) has a developed debt market as kenya. I think out gov has borrowed & currently owes close to 40B dollars to kenya. But never worry it borrowed in KSHS and will be repaid in KSHS. Kenya gov can simply print the money and pay that debt any day, Kenya gov spends Kshs equivalent to 3.5-4B dollars to pay such debt annually.

Just30:



you are still making noise


Facts from this data says, you've been running to the IMF and World bank all the time and that is why you debt servicing to them is larger than anywhere else.

Strong economies with strong data trust their economy enough to borrow from the Bond Market

That is why you see SA, Nigeria and Ghana have a high debt servicing to the bond market.

Again, if you are going to use 2017 data update yourself cos Ghana revenue to GDP was 20%

Your local debt market is not even as developed as Ivory Coast let alone Ghana.


Ghana only borrows from the IMF and World Bank only when we need it.
IMF and World bank loans are not zero interest loans they just have least rates on the market because they are CHARITY LOANS
for poor economies like Kenya that are so desperate.

Government borrowing from the local debt market is so stupid, no wonder Kenya does not have any productive economy.
The government has borrow all the money that entrepreneurs could have used to build the Kenyan economy.

Only those with strong economies venture into the Bond Market

No wonder Ghana is more developed than Kenya.
IMF and World bank monies can only be used where they want you to used them.
#poverty alleviation

rvp20182:
I know you went to famous West Africa double track school system - and was half-thought. Let me help interpret your data.

Compare kenya and Ghana. The Topic is PRUDENT PUBLIC DEBT MANAGEMENT.

Look at that data again.

We are talking external debt.

1) Multilateral (IMF, WB, ADB) - Kenya borrows and pays heavily there - the reason - these are very competitive mostly zero-interest loans with a long maturity. All you need to qualify to borrow is to prove you're PRUDENT. Ghana cannot qualify for most of it - coz they are known to default.

2) Bilateral. This is China, France, and such countries. Kenya borrows heavily from china - zero interest long maturity. Ghana also borrows heavily - but they mortgage their natural resources (for example bauxite & aluminum & oil). In Kenya - Chinese only requires us to pay a 2% premium for insurances to SINOSURE - in case we default.

3) External Commercial debt. This is Eurobonds, Syndicated loans from big external commercial banks. This is the MOST DANGEROUS loan to borrow. The interest rates can quickly rise. And you pay in dollars. GHANA like an idiot it is - has basically overdone itself.

Kenya is very careful with external commercial debt - in fact we are borrowing at cheaper rate to RETIRE most of it.

Now this afternoon class that you missed.

The DOMESTIC DEBT Market.
Kenya borrows very heavily from there. I think in Sub-Sahara Africa - only South Africa (and maybe Nigeria) has a developed debt market as kenya. I think out gov has borrowed close to 40B dollars. But never worry it borrowed in KSHS and will be repaid in KSHS. Kenya gov can simply print the money and pay that debt any day,

Kenya gov spends Kshs equivalent to 3.5-4B dollars to pay such debt annually.

1) The most developed domestic debt market in SSA is South Africa, Mauritus, Kenya and Nigeria.

2) External Multilateral debt-IMF, ADB, WB - are some best loans to borrow - if you can qualify for them. If you default - they will come and manage your country. It's called a BAILOUT. Ghana has been under one nearly every year of its existence. They come with stuff like SAPs - they come and tell you to fire civil servants, freeze salaries, cut projects - and sometimes they even veto key appointments. They come every 3 months with their pink noses as IMF MISSION - and proceed to make your Nana president look like a schoolboy - before releasing their report on how much progress you have made or not in structural reforms to reduce systemic risks of economic collapse mumbo jumbo.

3) External bilateral debt like Chinese are also good - low-interest long maturity - but be careful with the fine print.

4) External COMMERCIAL debt - like Eurobond - are bottomless - and very dangerous - because they are debt hawks out there - looking for the Ghana, Zambais, Argentinas, Greece. Already Ghana is struggling because their Eurobond interest is already double-digit and it paid in dollars. Someone might just buy them junk bonds and wait to seize your embassy

5) Domestic debt - Shield the country from shocks like this COVID-19 and commodity market(Oil slump) - but yes gov has to be careful not to overcrowd the private sector and individuals by overborrowing.

Just30:
Your local debt market is not even as developed as Ivory Coast let alone Ghana.

Ghana only borrows from the IMF and World Bank only when we need it.
IMF and World bank loans are not zero interest loans they just have least rates on the market because they are CHARITY LOANS
for poor economies like Kenya that are so desperate.

Government borrowing from the local debt market is so stupid, no wonder Kenya does not have any productive economy.
The government has borrow all the money that entrepreneurs could have used to build the Kenyan economy.

Just30:
Your local debt market is not even as developed as Ivory Coast let alone Ghana.


Ghana only borrows from the IMF and World Bank only when we need it.
IMF and World bank loans are not zero interest loans they just have least rates on the market because they are CHARITY LOANS
for poor economies like Kenya that are so desperate.

Government borrowing from the local debt market is so stupid, no wonder Kenya does not have any productive economy.
The government has borrow all the money that entrepreneurs could have used to build the Kenyan economy.

you don't know what you're saying, just running your mouth with half-baked information. We need to see data , figures bro.. even links can do it.


A country with $60b economy is irrelevant. you should just stick to your mate Uganda with the same category of GDP.

Just passing ..

After Kenya has been caught to be the country with the most IMF and World Bank loans
Today, IMF money is good....

To develop, the best place to get money is the Bond market
you can get 50% years loans from there. The IMF and World Bank cant give you that.

Kenya can not develop with IMF money, the least problem out of the poor Kenyan economy and Kenya runs to IMF for a cheap loan that keeps kenyans poor and starving.

When Kenyatta wants to campaign, he goes for a Chinese loan and sell a portion of Kenya's sovereignty.

You need prudent economics to be able to borrow from the Bond market.
Ive always told you that the kenyan economy is sitting on quicksand. Just pour small water on it and everything collapses.

Bilateral debt are never good when you dont have the negotiation skills of Germany.

rvp20182:
1) The most developed domestic debt market in SSA is South Africa, Mauritus, Kenya and Nigeria.

2) External Multilateral debt-IMF, ADB, WB - are some best loans to borrow - if you can qualify for them. If you default - they will come and manage your country. It's called a BAILOUT. Ghana has been under one nearly every year of its existence.

3) External bilateral debt like Chinese are also good - low-interest long maturity - but be careful with the fine print.

4) External COMMERCIAL debt - like Eurobond - are bottomless - and very dangerous - because they are debt hawks out there - looking for the Ghanas, Zambais, Argentinas, Greece. Already Ghana is struggling because their eurobond interest is already double digit and it paid in dollars.

5) Domestic debt - Shield the country from shocks like this COVID-19 and commodity market(Oil slump) - but yes gov has to be careful not to overcrowd the private sector and individuals by overborrowing.

Shma:
you don't know what you're saying, just running your mouth with half-baked information. We need to see data , figures bro.. even links can do it.


A country with $60b economy is irrelevant. you should just stick to your mate Uganda with the same category of GDP.

Just passing ..

I've already shown you data and figures

have you closed your eyes to them because it exposes you?




An economy of 230 billion in size is not kenya's mate

rvp20182:
Not everyone is proud to go beg IMF - with all their conditionalities. That is why we prefer to beg China - who offers the same competitive loans as IMF & WB - but WITHOUT conditionalities. The conditionalities that UNDERMINE your democracy and independence. The conditionalities that are directed from Washington DC (White House) and Brussels.

When will Ghana become independent?

We don't like IMF and WB because they poke their noses on the internal affairs of our country. They make our independence that we fought with blood - see red colour of our flag - pretty useless.

All IMF and WB loans will come with conditionalities - so as you run to beg them - be careful so you don't sign away your sovereignty - otherwise IMF will be running your parliament, judiciary and executive.

How many times will I lecture you. Bretton wood institution are financial institution who are into business of lending and once you are part of the body, you automatically qualify..china on the other hand are lending you to entrapped you forever. it is rummor China is taking over your most productive venture .Mombasa port. Your soveringhty is underlocked not even kenyatta can save you from China. he was seeing begging and pleading the Chinese for more loans last year. Ghana don't beg but negotiate instead.

At least , just few days ago, Ghana was able to secured another 1 billion dollar from IM but this time he become the first country to have gotten a double quota of a billion dollars and is a zero percent facility, it is 30 years, has 5 and half years moratorium, and it doesn’t come with any conditionalities... that make it more beautiful. we are getting the cash today.

The reason we are representing you In the next financial discustion along side south africa finance minister.

Kenya has a healthy mix of debt. There is balance btw domestic and external. Healthy mix btw the external bilateral and multilateral. Healthy mix btw commercial bonds and commercial loans. Healthy mix btw short term and long term loans. A healthy mix between tbills and tbonds.

Ghana you are over-exposed to commercial external debt - precisely to EUROBONDS. You know because you either don't know what prudence is or because you're desperate to borrow anything.

Look at how much you're now spending to service EUROBONDS. IT IS KILLING YOU,.

Just30:


After Kenya has been caught to be the country with the most IMF and World Bank loans
Today, IMF money is good....

To develop, the best place to get money is the Bond market
you can get 50% years loans from there. The IMF and World Bank cant give you that.

Kenya can not develop with IMF money, the least problem out of the poor Kenyan economy and Kenya runs to IMF for a cheap loan that keeps kenyans poor and starving.

When Kenyatta wants to campaign, he goes for a Chinese loan and sell a portion of Kenya's sovereignty.

You need prudent economics to be able to borrow from the Bond market.
Ive always told you that the kenyan economy is sitting on quicksand. Just pour small water on it and everything collapses.

Bilateral debt are never good when you dont have the negotiation skills of Germany.

vaxx1:
more than 200 patient are being managed from home and nearly half of them have proven negative for the first test. we are all awaiting the second test as it is required before we pronounced them successfully free of Covid19.

when I compare the test figure of Ghana and south africa, it seems the rest of Africa are playing. we are yet to reached our flattened curve .

So do you believe when they say it may be deadly for africa?

Earlier I spoke to a friend in Malawi he was in church

IMF & WB - have different facilities - Ghana is under bailout (bankruptcy/receivership) - Kenya is not. When you're under bail-out - IMF cease being just a financial institution - become the receiver-manager of your country. You're no longer able to service the loan - and the bank sends a receiver-manager - to basically run your company, see if they can turn it around and if not - maybe sell it or cut their losses.

As for Kenya - Chinese loans are also good. We never signed the Mombasa port to be taken. What we signed was take or pay deal btw Kenya Ports and Kenya Railways. It's akin to your energy sector - where you signed - 30yrs of take or pay for diesel thermal power plants. You already got to "Pay" part of that deal - you're paying for 2,000MW of IDLE Capacity (A WHOOPING 1B DOLLARS). Kenya Ports Authority has not yet reached to PAY part - because they are doing the take part very well.

Please let us learn to speak facts. The 1B dollars idle capacity charge you're paying in your electricity sector is enough to build you a railway every year from one corner of Ghana to the next.

But we know GHANA has possibly the MOST STUPID OF PUBLIC SERVICES - that mistake speaking English like Koffi Annan with Managing a country.

vaxx1:
How many times will I lecture you. Bretton wood institution are financial institution who are into business of lending and once you are part of the body, you automatically qualify..china on the other hand are lending you to entrapped you forever. it is rummor China is taking over your most productive venture .Mombasa port. Your soveringhty is underlocked not even kenyatta can save you from China. he was seeing begging and pleading the Chinese for more loans last year. Ghana don't beg but negotiate instead.

At least , just few days ago, Ghana was able to secured another 1 billion dollar from IM but this time he become the first country to have gotten a double quota of a billion dollars and is a zero percent facility, it is 30 years, has 5 and half years moratorium, and it doesn’t come with any conditionalities... that make it more beautiful. we are getting the cash today.

The reason we are representing you In the next financial discustion along side south africa finance minister.

rvp20182:
Kenya has a healthy mix of debt. There is balance btw domestic and external. Healthy mix btw the external bilateral and multilateral. Healthy mix btw commercial bonds and commercial loans. Healthy mix btw short term and long term loans. A healthy mix between tbills and tbonds.

Ghana you are over-exposed to commercial external debt - precisely to EUROBONDS. You know because you either don't know what prudence is or because you're desperate to borrow anything.

Look at how much you're now spending to service EUROBONDS. IT IS KILLING YOU,.

naa it not killing us

Because we spent our EuroBond wisely on productive ventures
That are making money and paying for itself.

Kenya has borrowed hugely from China, IMF and World Bank to spend on feeding kenyans now it cant afford to payback .

Such that it has to take Ghana to go and seek debt relief for you dumb guys from World Bank, IMF and China.



You can only developed using long term external debts like the Eurobonds where you can get 50 years plus and not IMF money that strangles your economy.
You guys are so dumb such that when Ghana takes 1 billion from IMF, you take 3 billion from them.
today you owe IMF and World Bank 30billion dollars.

Kenya cannot developed on IMF and WB poverty alleviation programs

Have you not wondered why only the developed economies in Africa borrows more from the Bond market than the Bilateral and multilateral ?
Economies like SA, Nigeria, Ghana and North Africa

External commercial loans are bottomless and very appealing to idiots like Ghanaians. But remember every loan will have to be repaid. Remember to think about worst-case scenario. Remember to think about exogenous risks.

Take for example now - COVID-19 - the economy of Ghana will obviously tank like everyone else. You can skype with IMF and WB - and they will promptly agree to put you in bailout as their guinea pig or to be precise their - lab rat for COVID-19 economic treatment. They can even agree for you to Skype on behalf of mother Africa and we will be very grateful.

But will you skype all the thousands of Eurobond investors about COVID-19, Oil slumps and etc. about delays in paying them

Nope - these faceless people - will do the opposite - they will now think you're too risk - and will ratch up their interest.

And then Ghana Cedis will obviously weaken - against USD - and you'll discover if you borrowed 1B dollars eurobond - you are now required to payback 10B dollars.

And you'll go bankrupt like Argentina, Greece, Ghana, Zimbwabwe and Zambia.

And you'll take 50yrs - because once you default - you get listed in every credit reference - and you'll never borrow.

In short like you did in the Energy sector - where you rushed headlonged and got 5,000MWs -- DO NOT RUSH.

THINK THINK THINK.

Now every year you're getting 1B dollar bill for the turbines that never turned

You see you been under bailout since 1961 because you got yourself in a rat hole....thankfully you enjoy the rodents as a meal.

Just30:
naa it not killing us

Because we spent our EuroBond wisely on productive ventures
That are making money and paying for itself.

Kenya has borrowed hugely from China, IMF and World Bank to spend on feeding kenyans now it cant afford to payback .

Such that it has to take Ghana to go and seek debt relief for you dumb guys from World Bank, IMF and China.



You can only developed using long term external debts like the Eurobonds where you can get 50 years plus and not IMF money that strangles your economy.
You guys are so dumb such that when Ghana takes 1 billion from IMF, you take 3 billion from them.
today you owe IMF and World Bank 30billion dollars.

Kenya cannot developed on IMF and WB poverty alleviation programs

Have you not wondered why only the developed economies in Africa borrows more from the Bond market than the Bilateral and multilateral ?
Economies like SA, Nigeria, Ghana and North Africa

Just30:
naa it not killing us

Because we spent our EuroBond wisely on productive ventures
That are making money and paying for itself.

Kenya has borrowed hugely from China, IMF and World Bank to spend on feeding kenyans now it cant afford to payback .

Such that it has to take Ghana to go and seek debt relief for you dumb guys from World Bank, IMF and China.



You can only developed using long term external debts like the Eurobonds where you can get 50 years plus and not IMF money that strangles your economy.
You guys are so dumb such that when Ghana takes 1 billion from IMF, you take 3 billion from them.
today you owe IMF and World Bank 30billion dollars.

Kenya cannot developed on IMF and WB poverty alleviation programs

Have you not wondered why only the developed economies in Africa borrows more from the Bond market than the Bilateral and multilateral ?
Economies like SA, Nigeria, Ghana and North Africa

the first bolded is repetition, don't you have anything else to say?
Anyway our debt goes to infrastructural development which can equate to huge revenue hence growing our economy. we're not dumb like some of your compatriots to always borrow for self interest.
That's the reason Ghana got bailed out . You can't manage your dept properly.
The last bolded shows how ignorant and desperate you are, show as any link that says Ghana is in the line with the mentioned.?

And why do you take 2hours to reply .. I thought you're naturally intelligent.


Just passing..

rvp20182:
IMF & WB - have different facilities - Ghana is under bailout (bankruptcy/receivership) - Kenya is not. When you're under bail-out - IMF cease being just a financial institution - become the receiver-manager of your country. You're no longer able to service the loan - and the bank sends a receiver-manager - to basically run your company, see if they can turn it around and if not - maybe sell it or cut their losses.

As for Kenya - Chinese loans are also good. We never signed the Mombasa port to be taken. What we signed was take or pay deal btw Kenya Ports and Kenya Railways. It's akin to your energy sector - where you signed - 30yrs of take or pay for diesel thermal power plants. You already got to "Pay" part of that deal - you're paying for 2,000MW of IDLE Capacity (A WHOOPING 1B DOLLARS). Kenya Ports Authority has not yet reached to PAY part - because they are doing the take part very well.

Please let us learn to speak facts. The 1B dollars idle capacity charge you're paying in your electricity sector is enough to build you a railway every year from one corner of Ghana to the next.

But we know GHANA has possibly the MOST STUPID OF PUBLIC SERVICES - that mistake speaking English like Koffi Annan with Managing a country.

All this your plenty write up will not change the fact that IMF conditionalities have made the Kenyan economy less productive because Kenya is so dependent on their loans for it daily survival.

Ghana has renegotiated almost all of it energy contracts and has revamped it economy to consume 70 to 80% of all the energy that it is capable of producing. Leaving the remaining 20 to 30% for export and as reserve capacity.
This is a wise investment unlike Kenya that has been borrowing money for ages with no development to show for it.
you guys have spent 80 billion dollars for 10 years to feed poor kenyans and support the kshs and now you cant pay.

that is highly stupid

IMF colony like Kenya
stupid Chinese lab rat

I don't mind you sacrificing facts as you scrap the bottom of the barrel - but you can come up with original put-downs.

Yes feeding kenyans is important as well as protecting Kshs.

If Kshs goes south - we become Ghana - our debt situation goes haywire - without us borrowing an extra cent. So being OWED lots of money - doesn't mean you took all that money to DEVELOP -- it could well be you borrowed 1Cedis but somehow the bank want 100 Cedis - compounded interest rate, currency depreciation, inflation.

As for the energy sector - where is link showing you're out of your energy crisis - and have renegotiated them. The last I heard you went rogue ,refused to pay and Trump had you banned from US funding

Just30:
All this your plenty write up will not change the fact that IMF conditionalities have made the Kenyan economy less productive because Kenya is so dependent on their loans for it daily survival.

Ghana has renegotiated almost all of it energy contracts and has revamped it economy to consume 70 to 80% of all the energy that it is capable of producing. Leaving the remaining 20 to 30% for export and as reserve capacity.
This is a wise investment unlike Kenya that has been borrowing money for ages with no development to show for it.
you guys have spent 80 billion dollars for 10 years to feed poor kenyans and support the kshs and now you cant pay.

that is highly stupid

IMF colony like Kenya
stupid Chinese lab rat

rvp20182:
IMF & WB - have different facilities - Ghana is under bailout (bankruptcy/receivership) - Kenya is not. When you're under bail-out - IMF cease being just a financial institution - become the receiver-manager of your country. You're no longer able to service the loan - and the bank sends a receiver-manager - to basically run your company, see if they can turn it around and if not - maybe sell it or cut their losses.

As for Kenya - Chinese loans are also good. We never signed the Mombasa port to be taken. What we signed was take or pay deal btw Kenya Ports and Kenya Railways. It's akin to your energy sector - where you signed - 30yrs of take or pay for diesel thermal power plants. You already got to "Pay" part of that deal - you're paying for 2,000MW of IDLE Capacity (A WHOOPING 1B DOLLARS). Kenya Ports Authority has not yet reached to PAY part - because they are doing the take part very well.

Please let us learn to speak facts. The 1B dollars idle capacity charge you're paying in your electricity sector is enough to build you a railway every year from one corner of Ghana to the next.

But we know GHANA has possibly the MOST STUPID OF PUBLIC SERVICES - that mistake speaking English like Koffi Annan with Managing a country.

You never appear intelligent. provision of policy support and foreing aid is not never the same as taking over your economy. this is diffrence from China loan you took with hiding documentation in case you failed to pay back. Ghana did not seek for bail out this time around but raid credit transfer , this tyoe of credit does nit have the same peculiarities with bail out fund. the type IMF denied you last year when they realised you are finnscially broke you and your weakness in ability to pay back borrowed loan is next to zero. they probably do not want another Greece.

With rapid credit fercility, cash are provided without ex post conditionality. taking into account the country’s balance of payments need, the strength of its macroeconomic policies, capacity to repay the Fund, the amount of outstanding Fund credit, and the member’s record of past use of Fund credit. In wish Ghana has been accessed and declared prudent. this kind of fund remain limited unlike the bail out which country poor financial record failed to secured last year.


moody which are credit rating agency declare Ghana outlook from stable to positive. only if you foolishly know what it means

1) IMF - The Rapid Credit Facility (RCF) provides rapid concessional financial assistance with limited conditionality to low-income countries (LICs) facing an urgent balance of payments need.

2) In short you're broke you're facing an urgent balance of payment needs.

3) Kenya was on standby facility - insurance - that you can draw without talking to IMF. We never withdrew a coin. The money was there for us to take. We could use it during times like this.

Kenya wants an Overdraft facility- and Ghana wants an emergency funding

vaxx1:
You never appear intelligent. provision of policy support and foreing aid is not never the same as taking over your economy. this is diffrence from China loan you took with hiding documentation in case you failed to pay back. Ghana did not seek for bail out this time around but raid credit transfer , this tyoe of credit does nit have the same peculiarities with bail out fund. the type IMF denied you last year when they realised you are finnscially broke you and your weakness in ability to pay back borrowed loan is next to zero. they probably do not want another Greece.

With rapid credit fercility, cash are provided without ex post conditionality. taking into account the country’s balance of payments need, the strength of its macroeconomic policies, capacity to repay the Fund, the amount of outstanding Fund credit, and the member’s record of past use of Fund credit. In wish Ghana has been accessed and declared prudent. this kind of fund remain limited unlike the bail out which country poor financial record failed to secured last year.


moody which are credit rating agency declare Ghana outlook from stable to positive. only if you foolishly know what it means

Just30:
All this your plenty write up will not change the fact that IMF conditionalities have made the Kenyan economy less productive because Kenya is so dependent on their loans for it daily survival.

[b]Ghana has renegotiated almost all of it energy contracts and has revamped it economy to consume 70 to 80% of all the energy that it is capable of producing. [/b]Leaving the remaining 20 to 30% for export and as reserve capacity.
This is a wise investment unlike Kenya that has been borrowing money for ages with no development to show for it.
you guys have spent 80 billion dollars for 10 years to feed poor kenyans and support the kshs and now you cant pay.

that is highly stupid

IMF colony like Kenya
stupid Chinese lab rat

the idiot kibera boy never know .That is why i ignore it when he made mention of it in his post.


GHANA is currently providing a nearly free electricty service for every Ghanaian to next three month.

External Bonds are the way to develop if you want to use loans

But poor stupid unproductive countries like Kenya cant access it because their economy is not developed enough.

Hence they turn IMF and WB to their fathers for CHARITY and become colonies of underdevelopment and poor starving people.
There is a reason why South Africa avoids bilateral loans, ask the South Africans and they will tell you.
It is the easiest way to lose your sovereignty

Go for commercial loans and develop ooo Kenya, else you will remain the world basket case of slums

The Ghanaian economy is strong and will strongly recover because it is a manufacturing economy but the Kenyan economy will not for the next 5 to 10 years because it is hugely dependent of tourism as it largest earner.

Just one week of shutting down the Kenyan economy and you guys were already desperate and in need of IMF money.

The beauty of Eurobond is that, You have a long time repayment and the very essence on which the monies were used are productive ventures so you don't have a payment problem and no one will seize your country asset.

rvp20182:
External commercial loans are bottomless and very appealing to idiots like Ghanaians. But remember every loan will have to be repaid. Remember to think about worst-case scenario. Remember to think about exogenous risks.

Take for example now - COVID-19 - the economy of Ghana will obviously tank like everyone else. You can skype with IMF and WB - and they will promptly agree to put you in bailout as their guinea pig or to be precise their - lab rat for COVID-19 economic treatment. They can even agree for you to Skype on behalf of mother Africa and we will be very grateful.

But will you skype all the thousands of Eurobond investors about COVID-19, Oil slumps and etc. about delays in paying them

Nope - these faceless people - will do the opposite - they will now think you're too risk - and will ratch up their interest.

And then Ghana Cedis will obviously weaken - against USD - and you'll discover if you borrowed 1B dollars eurobond - you are now required to payback 10B dollars.

And you'll go bankrupt like Argentina, Greece, Ghana, Zimbwabwe and Zambia.

And you'll take 50yrs - because once you default - you get listed in every credit reference - and you'll never borrow.

In short like you did in the Energy sector - where you rushed headlonged and got 5,000MWs -- DO NOT RUSH.

THINK THINK THINK.

Now every year you're getting 1B dollar bill for the turbines that never turned

You see you been under bailout since 1961 because you got yourself in a rat hole....thankfully you enjoy the rodents as a meal.

you are dumb

this discussion is not for you


Go and cry to Kenyatta to stop prostrating before IMF and WB to save his economy and get the necessary brains to build your economy.

a colony of IMF like Kenya

Shma:
the first bolded is repetition, don't you have anything else to say?
Anyway our debt goes to infrastructural development which can equate to huge revenue hence growing our economy. we're not dumb like some of your compatriots to always borrow for self interest.
That's the reason Ghana got bailed out . You can't manage your dept properly.
The last bolded shows how ignorant and desperate you are, show as any link that says Ghana is in the line with the mentioned.?

And why do you take 2hours to reply .. I thought you're naturally intelligent.


Just passing..

vaxx1:
the idiot kibera boy never know .That is why i ignore it when he made mention of it in his post.


GHANA is currently providing a nearly free electricty service for every Ghanaian to next three month.

why the insult,
You can't string any page without mentioning stupid or kibera?

Facts are stubborn things.

When Ghana borrowed1B dollars in Eurobond - in 2015 - you had 100% oversubscription- 2B dollars.

When Kenya borrowed 2B dollars in Eurobond - in 2014 - Kenya had 500% oversubscription -8.8B dollars.

In 2018 - we went back for another 2B dollar from Eurobond - the market was willing to give us 14B dollars!!!!!!!!!!!!!!!!!!!!!!!!

Check the difference btw Ghana and Kenya's Eurobond interest rate.

In short - Kenya is like 10 times more attractive to commercial debt investors than Ghana.

But we are NOT IDIOTS to just borrow. We have to figure out how to repay...we have to think about lean times..like now...these are dangerous times for the likes of Ghana..because commodities have collapsed..economy cannot repay anything.

In fact the 2018 2B dollars - we didn't take a coin of Eurobond back to Nairobi - we used the money to retire commercial loans (from Banks like JP Morgans).

Just30:
External Bonds are the way to develop if you want to use loans

But poor stupid unproductive countries like Kenya cant access it because their economy is not developed enough.

Hence they turn IMF and WB to their fathers for CHARITY and become colonies of underdevelopment and poor starving people.
There is a reason why South Africa avoids bilateral loans, ask the South Africans and they will tell you.
It is the easiest way to lose your sovereignty

Go for commercial loans and develop ooo Kenya, else you will remain the world basket case of slums

The Ghanaian economy is strong and will strongly recover because it is a manufacturing economy but the Kenyan economy will not for the next 5 to 10 years because it is hugely dependent of tourism as it largest earner.

Just one week of shutting down the Kenyan economy and you guys were already desperate and in need of IMF money.

The beauty of Eurobond is that, You have a long time repayment and the very essence on which the monies were used are productive ventures so you don't have a payment problem and no one will seize your country asset.

KSHS has already gone south and (you so badly want to be like Ghana) but you don't get to be like Ghana

You are like Liberia now because you don't produce anything bit import everything from toothpick to tooth brush so your import bill goes higher as all your debt repayment in dollars goes higher.

You cant come out of this because it is a vicious circle, so you run to IMF again like the coward you are to borrow even more from them and put your product less economy in even more conditionalities.

Continuing the poverty circle.

You can find the links the says Ghana has solved it energy crisis and have renegotiated all it energy contracts.

Kenya on the other hand does not even have a finance minister at this point hence they are relying on Ghana's finance minister to broker debt relief for your poor economy.



IMF and WB colony
with China as a grand father

rvp20182:
I don't mind you sacrificing facts as you scrap the bottom of the barrel - but you can come up with original put-downs.

Yes feeding kenyans is important as well as protecting Kshs.

If Kshs goes south - we become Ghana - our debt situation goes haywire - without us borrowing an extra cent. So being OWED lots of money - doesn't mean you took all that money to DEVELOP -- it could well be you borrowed 1Cedis but somehow the bank want 100 Cedis - compounded interest rate, currency depreciation, inflation.

As for the energy sector - where is link showing you're out of your energy crisis - and have renegotiated them. The last I heard you went rogue ,refused to pay and Trump had you banned from US funding

Just30:
you are dumb

this discussion is not for you


Go and cry to Kenyatta to stop prostrating before IMF and WB to save his economy and get the necessary brains to build your economy.

a colony of IMF like Kenya

you're just showing your desperation.
Nothing biggy

Kshs has depreciated from 101 to USD to 106USD...it's probably Africa least depreciated currency. And you know we are getting huge OIL stimulus package courtesy of Ghana, Nigeria and etc. Our petrol prices at pump this week dropped by a whopping 20shs

Let cross over to West Africa IMF colony.

Cedis pre-COVID was 5.3 now it's 5.8...that is double KSHS rate of depreciation.

Just30:
KSHS has already gone south and (you so badly want to be like Ghana) but you don't get to be like Ghana

You are like Liberia now because you don't produce anything bit import everything from toothpick to tooth brush so your import bill goes higher as all your debt repayment in dollars goes higher.

You cant come out of this because it is a vicious circle, so you run to IMF again like the coward you are to borrow even more from them and put your product less economy in even more conditionalities.

Continuing the poverty circle.

You can find the links the says Ghana has solved it energy crisis and have renegotiated all it energy contracts.

Kenya on the other hand does not even have a finance minister at this point hence they are relying on Ghana's finance minister to broker debt relief for your poor economy.



IMF and WB colony
with China as a grand father

You are really dumb

Your economy is not sound hence why you cant borrow from the Bond market

Ghana has gone to the Bond market so many times and have received oversubscriptions of 400% plus
that is how strong our economy is.

IMF loans forms the least part of our debts unlike Kenya.

That is the beauty of the Ghanaian economy it is highly diverse and not dependent on any single commodity.

Oil price collapse and gold price pick up.
Gold price collapse and cocoa price pick up and we earn huge monies from both manufacturing and export of raw beans.

18 billion dollars from export enters our economy every years so we always have dollars to service out debts.

Kenya pays 18 billion dollars in import while earning just 5 billion dollars every year so the kenya economy is always straved of dollars and faces balance of payment challenges hence why you guys resort to borrowing from IMF every year to the tune of 3 billion dollars to plunge that gap.

rvp20182:
Facts are stubborn things.

When Ghana borrowed1B dollars in Eurobond - in 2015 - you had 100% oversubscription- 2B dollars.

When Kenya borrowed 2B dollars in Eurobond - in 2014 - Kenya had 500% oversubscription -8.8B dollars.

In 2018 - we went back for another 2B dollar from Eurobond - the market was willing to give us 14B dollars!!!!!!!!!!!!!!!!!!!!!!!!

Check the difference btw Ghana and Kenya's Eurobond interest rate.

In short - Kenya is like 10 times more attractive to commercial debt investors than Ghana.

But we are NOT IDIOTS to just borrow. We have to figure out how to repay...we have to think about lean times..like now...these are dangerous times for the likes of Ghana..because commodities have collapsed..economy cannot repay anything.

In fact the 2018 2B dollars - we didn't take a coin of Eurobond back to Nairobi - we used the money to retire commercial loans (from Banks like JP Morgans).

rvp20182:
1) IMF - The Rapid Credit Facility (RCF) provides rapid concessional financial assistance with limited conditionality to low-income countries (LICs) facing an urgent balance of payments need.

2) In short you're broke you're facing an urgent balance of payment needs.

3) Kenya was on standby facility - insurance - that you can draw without talking to IMF. We never withdrew a coin. The money was there for us to take. We could use it during times like this.

1 You have a porous ability to reason. they are many reasons to have urgent balance payment . . convid 19 has made almost half of the world country to fall into that same pit. kenya is presently hit. your agriculture and tourism industry which are the first and second most productive venture have largely being affected . tell me why you will not need bail out now? as for the rapid credit , you will surely not qualify cus your economy surely need a prudent management as I speak. your overdraft comes with a term ad agreement and you are going to pay interest on it. emergency loan aren't easy to combine particularly not the kind of agreement Ghana negotiate on. first of its kind .


2...Your useless broke nation is currently seeking and pressing after IMF stopped your acess last June after failing your goverment failed to agree on a reduction of the fiscal deficit.


3. your highest worry now should be China, currently Ghana finance minister is working toward extending you loan payment with Bretton wood institution and likewise other africa countries. . China does not believe In forgiving debt . they will soon hold your nation into account.

Shma:
why the insult,
You can't string any page without mentioning stupid or kibera?

I hate stupid people. and I don't mind calling them into attention .

rvp20182:
Kshs has depreciated from 101 to USD to 106USD...it's probably Africa least depreciated currency. And you know we are getting huge OIL stimulus package courtesy of Ghana, Nigeria and etc. Our petrol prices at pump this week dropped by a whopping 20shs

Let cross over to West Africa IMF colony.

Cedis pre-COVID was 5.3 now it's 5.8...that is double KSHS rate of depreciation.

That is the beauty of an export-led economy
you can depreciate your currency to earn more from export.

Kenya cant afford to because it already have a huge deficit that it have to borrow to plunge and the least drop in exchange rate of the kshs makes everything 5 times worse because it will mean, Kenya borrowing more from IMF to plunge the depreciation gap as well.



Ghana is saving huge in this oil price drop as
We have used the drop in prices to pay a 3 billion energy sector legacy debt in just 6 months.

You didn't bother to read the % of kenya Eurobond oversubscription that dwarfs Ghana.

As regards to dollar inflows to Kenya - we never have a problem. We have enough forex reserves - on average 6 months worth - when we need only 4 months.

We get forex from trade (5-6b), lot more from FDIs, re-partition by Kenya companies all over Africa, remittances, tourism, from UN and international organization stationed in Kenya (2B dollars - UN alone 1B dollars).

We have not asked for IMF bailout since 1990s.

Now Ghana - with all the GOLD (more than south Africa), Aluminium, Bauxite, Oil and all the remittances - your CEDIS in 10yrs has lost 600% or more of it's value.In 2009 - you were like 1 to 1 to Cedis to dollar -now it's about 6 CEDIS to a dollar.

Kshs in same period has depreciated from 75shs to a dollar to now 106 shs..not even by 50%...something close to 25% depreciation.

Just30:
You are really dumb

Your economy is not sound hence why you cant borrow from the Bond market

Ghana has gone to the Bond market so many times and have received oversubscriptions of 400% plus
that is how strong our economy is.

IMF loans forms the least part of our debts unlike Kenya.

That is the beauty of the Ghanaian economy it is highly diverse and not dependent on any single commodity.

Oil price collapse and gold price pick up.
Gold price collapse and cocoa price pick up and we earn huge monies from both manufacturing and export of raw beans.

18 billion dollars from export enters our economy every years so we always have dollars to service out debts.

Kenya pays 18 billion dollars in import while earning just 5 billion dollars every year so the kenya economy is always straved of dollars and faces balance of payment challenges hence why you guys resort to borrowing from IMF every year to the tune of 3 billion dollars to plunge that gap.